Aspire and Erdenes Tavan Tolgoi work together to add value to Mongolian met coal

Oyundelger 2016-06-27 04:06

Mining

Aspire and Erdenes Tavan Tolgoi work together to add value to Mongolian met coal.

Aspire and Erdenes Tavan Tolgoi work together to add value to Mongolian met coal. Aspire Mining established a MoU with Erdenes Tavan Tolgoi JSC (ETT), a Mongolian Government controlled entity that owns the Tavan Tolgoi coal mine, to cooperate on further technical and commercial assessments of blending Aspire’s Ovoot metallurgical coal with various coals from the Tavan Tolgoi deposit. It is expected that, over the current life of mine plans, there are very significant quantities of non-coking coal to be produced at Tavan Tolgoi without a current viable market to sell into. The test work showed that blending relatively low proportions of Ovoot metallurgical coal resulted in a blended primary coking coal product under the Chinese system. Under the MoU, Aspire and ETT have agreed to share data and samples for further evaluation, as well as establish a technical and commercial working group to prepare a feasibility study into the blending of Ovoot coking coal, Tavan Tolgoi non-coking coals and potentially other suitable Mongolia coals in a coal blending facility with a capacity of 8 –10 million tons per year. In the event that the feasibility study is positive to jointly enter into commercial negotiations to establish a blending joint venture and to work together to attract necessary funding.